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Biotech / Medical : Harvard Scientific (HVSF)Hot$$- male impotency medicine
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To: Afaq Sarwar who wrote (2777)1/18/1998 4:39:00 PM
From: dan oreilly  Read Replies (2) of 3906
 
It is easy to see that it is a typical high risk and high reward micro
cap situation. The real risk/reward odds are essentially the same for
the insiders as well as outsiders. To develop the product financing is
essential. At such an early stage any one risking their capital will
expect reward/return. But all financing, in the final analysis, will be
tied with the present perceived valuation of the company. At present,
that appears to be very low. So, any financing, from insiders or
outsiders will reflect that high risk.

Afaq: I have to disagree with this statement. The way *I* read the terms of the financing there is NO risk to Waite and See. The "initiaL' 5 Mil buys 18 Mil shares with a current value of 18 mil....that is IF some of the shares weren't sold during the run up at higher prices. The additional buyins are NOT guaranteed: IF I am reading the release right. The risk/REWARD was KNOWN prior to announcing the "agreement"
The fact that the shares are NOT restricted makes this a WIN WIN situation for Waite and See. It almost gives the appearance that Waite and see ,went and saw their advisor Ben Dover and they agreed okay lets lock in a price float some news and see what happens.

I am NOT as familiar with this company as you and others on the thread. I "played" it for a few hours earlier in the week came away smiling and now just watch the board out of curiosity.
It will be interesting to watch future filing to see IF any shares have been Sold by the good doctors.
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